norwegian school of economics

NORWEGIAN
SCHOOL OF
ECONOMICS
TABLE OF CONTENTS:
ABOUT NHH ...............................................................................................................................................................................5
BERGEN AND NORWAY .................................................................................................................................15
CEMS MASTER IN INTERNATIONAL MANAGEMENT.....................18
DOUBLE DEGREE PROGRAMME ..............................................................................................21
EXCHANGE PROGRAMME.......................................................................................................................22
GRADUATE SUMMER SCHOOL.....................................................................................................25
MSC PROGRAMME...................................................................................................................................................27
PHD PROGRAMME ...................................................................................................................................................35
NHH 2015
FOTO:
Montag/Helge Hansen, Helge Skodvin, Hallvard Lyssand, Silje Holte, UKEN Foto,
Øyvind Hagen - Statoil, Foto NHHS.
ABOUT NHH
WELCOME TO NHH
Founded in 1936, NHH is the leading business school in Norway.
It is the first choice for Norwegian students and for the Norwegian
business community. NHH has a faculty of high standing in the
international research community.
”NHH – ONE OF THE BEST
AND MOST ATTRACTIVE
SCHOOLS IN EUROPE”
Wirtschafts Woche
NHH is the Norwegian member of CEMS – the Global Alliance
in Management Education. CEMS is a global cooperation platform
between top business schools, corporations and non-profit organisations aiming to educate future international business leaders.
As part of the CEMS network, NHH offers the CEMS Master’s in
International Management, the most international and culturally
diverse MSc in the market. It has been ranked as one of the best international management programmes in the world by Financial Times since the
ranking began in 2005.
At NHH we offer a wide range of opportunities for international students.
Whether you wish to attend a short programme like the graduate summer
school or the acknowledged MSc programme, NHH guarantees high quality
education.
Students who choose to study at NHH can look forward to a stimulating learning experience at a dynamic and internationally oriented
school. I look forward to meeting you here in Bergen.
With kind regards,
Frøystein Gjesdal
Rector
5
ABOUT NHH
NORWAY’S LEADING
BUSINESS SCHOOL
NHH is ranked among the top 50 business schools in Europe, and it
is the leading centre for research and education in economics and
business administration in Norway. Faculty members publish extensively
in acknowledged journals and take influential positions as advisers and
board members in both private and public sectors.
Faculty members have made significant contributions, especially in the
fields of finance and economics. Among others are Karl Borch, co-founder
of modern risk theory, Jan Mossin, one of the fathers of the Capital Asset
Pricing Model, and Adjunct Professor and NHH Alumni Finn E. Kydland,
the winner of the Nobel Prize of Economics in 2004.
NHH offers a three-year Bachelor of Science degree, a two-year Master of
Science degree, and a three-year Doctor of Philosophy degree. The latter
two are offered to international students. Within the MSc programme
international students can attend NHH through both the CEMS partnership and several Double Degree programmes. Exchange is available for
foreign students at the bachelor and master levels.
NHH
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Founded: 1936
Full time students: 3 300
International students: 500
Academic departments: 6
Students per faculty member: 23,5
No admission or tuition fees
Executive students: 1 000
7
ABOUT NHH
WHY NHH?
Norway has a high quality education sector that is fully funded by the
government. NHH does not charge any application, admission or tuition
fees. Aditionally, as a student you are granted a work permit, allowing you to
work up to 20 hours per week.
For more than 75 years, NHH has focused on quality in research and
education. As a result of this, NHH today has an internationally recognised
faculty and a highly motivated student body. The offer of a top education,
with virtually no fees, makes the competition for admission to NHH
rigorous. This ensures that only candidates with excellent academic
qualifications and high potential are selected for admission.
As a visiting student at NHH you will experience an international and
inclusive learning environment, which will provide you with friends
and a network from all over the world. As an MSc student you have
access to exceptional international opportunities, such as Double Degree
programmes, the CEMS Master’s in International Management, and exciting student exchange possibilities.
“The NHH portfolio is unique because it
has acquainted me with students from a
myriad of cultures and different working
styles through engaging projects and group
work. The broad scope of the curriculum
allows specialisation in one discipline, but
also gives flexibility to experiment with
other courses.”
SURYADEEP SEAL,
NHH student from India
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9
ABOUT NHH
BRANCH DISTRIBUTION
INTERNATIONAL COMPANIES RECRUITING
NHH GRADUATES
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STATOIL
SHELL
BP
ENI
EXXON MOBIL
CONOCO PHILIPS
HYDRO
AKER SOLUTIONS
STATKRAFT
ORKLA
ARLA
MICROSOFT
GOOGLE
TELENOR
BOSTON
CONSULTING GROUP
• GOLDMAN SACHS
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MORGAN STANLEY
JP MORGAN
PWC
EY
KPMG
DELOITTE
McKINSEY
• DNV GL
• EUROPEAN
COMMISSION
• SAVE THE CHILDREN
• MEDICINS SANS
FRONTIERES
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L’OREAL
ARIEL
ACCENTURE
FACEBOOK
CAREER
POSSIBILITIES
NHH graduates are highly sought after by potential employers. The most
recent surveys shows that approximately 75 per cent of NHH’s students
reports to have found employment before graduation, and the majority of all
2014 graduates has a salary between 50-60.000 EURO.
The International Career Center at NHH (ICC) provides assistance to
students looking for internships and professional positions abroad. ICC
also assists international students who seek employment in Norway.
The center organises career events independently and together with several
NHH student groups. In cooperation with the student-run Business
Committee, ICC organises an annual Career Week in October. The Career
Day during that week draws around 100 companies offering jobs in Norway
and abroad.
The Business Committee organises several career fairs throughout the year
whereof one is aimed at employment in non-profit organisations. In addition, they organise more than 100 company presentations at NHH every
year.
NHH graduates are in high demand in Norway and abroad. ICC and the
Student Union are there to assist you in your career process.
DID YOU
KNOW THAT ...
Approcimately 75
per cent of NHH
candidates are offered
employment before they
graduate?
11
ABOUT NHH
STUDENT LIFE
At NHH you will experience an international and vital learning environment, but the school recognises that student life entails more than simply
studying. We therefore offer our students a well-rounded experience.
Involvement in student activities is an excellent way of getting to know your
fellow students and make new friends.
As a student at NHH you have numerous opportunities to gain new experiences and challenge yourself, whether it is mountain hiking, river rafting
or organising a student event. It is a place where you can cultivate your
interests through the many student activities, like sports, photography,
writing or music.
Taking part in activities within the Student Association (NHHS) gives you
great practical experience, and a way to further develop your team work
and leadership skills. You get to see how the academic theories work in
real-life and the chance to practice them. Practical experience while studying is also highly valued by potential employers.
SOME STUDENT ORGANISED EVENTS:
• Welcome Week
Through different activities, bringing students together, you
will enjoy a smooth transition to student life at NHH.
• NHH Symposium
Europe’s second largest student-run business conference.
• UKEN (THE WEEK)
A festival organised by more than 1000 volunteers. It includes
concerts, comedy shows, excursions and more.
• TEDxBergen
A yearly conference organised at NHH since 2010.
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BERGEN AND NORWAY
THE DIFFERENCE IS
BERGEN AND NORWAY
Norway differs slightly from its other industrial counterparts as it was still
largely a country of farmers and fishermen until the early 20th century.
Today Norway has one of the most developed economies in the world. This
is a transformation that has left a deep imprint on Norwegian society.
A strong tradition of equality and fairness has fostered a high degree of
gender, economic and social equality. Norwegian companies have likewise
developed a unique system of management, emphasising employees’ quality
of life through participative management with a concomitant emphasis on
innovation, high technology and a concern for the environment.
Norway is ranked by the United Nations among the countries with both the
highest quality of life and standard of living in the world. The Norwegian
economy is one of the most international in the world and is dominated by
the development of, and trade in energy and natural resources. Offshore oil
and gas, fisheries, aquaculture, and power generation are important areas
of research at NHH.
NORWAY
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Area: 385,186 km2
Population: 5 165 800
Capital city: Oslo
Language: Norwegian
System of government: Constitutional monarchy and
parliamentary democracy
Main industries: Oil and gas, seafood, manufacturing,
shipping and services
Hywind tow from Åmøyfjorden to Karmøy. Floating windmill at sea in deep water.
Photo: Øyvind Hagen / Statoil
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BERGEN AND NORWAY
BERGEN
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Founded: 1070
Population Bergen: 275 000,
second largest city in Norway
Population greater Bergen:
414 900
Climate: temperate oceanic
climate
Main industries: aquaculture,
shipping, offshore petroleum
industry, subsea technology,
finance, tourism, services,
education and research
BERGEN
Bergen is a cosmopolitan city with a small-town charm and
atmosphere. The city offers a wide variety of urban, culture and
nature attractions.
Founded in 1070, Bergen became a major European trading and
seafaring port. The city was one of the Hanseatic merchant’s four
most important trading centres. Bergen’s long history as a trade
and finance centre is a key factor to why Norway’s first business
school, NHH, was located here in 1936.
The combination of city life and nature is unique. Bergen is a
modern city filled with restaurants, cafés and a very active music
scene. Surrounded by mountains, fjords and islands, Bergen has
an exeptional proximity to nature. It is only a short walk from the
urban city life to a mountain hike up to Floyen or a boat trip to one
of the islands.
Despite being so far north, Bergen’s weather is milder than a look
at the map would suggest due to the effect of the Gulf Stream. A
winter in Bergen is comparable to a winter in England, but the
snow and skiing opportunities is only an hour away by train.
“Surrounded by seven mountains, living
in Bergen means living in one of Europe’s
most naturally majestic but cosmopolitan
cities.”
JOHN BYRNE,
NHH student from Ireland
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STUDY AT NHH
STUDY AT NHH
CEMS MIM PROGRAMME
CEMS - The Global Alliance in Management Education is a global cooperation platform between top business schools, corporations and non-profit
organisations aiming to educate future international business leaders.
CEMS offers the CEMS Master’s in International Management (MIM),
the most international and culturally diverse MSc in the market and ranked
as one of the best in the world by Financial Times since the ranking began
in 2005.
CEMS MIM is developed for students who aspire to become global business
leaders, building on values like the pursuit of excellence with the highest
standards of performance and ethical conduct, understanding cultural
diversity, professional responsibility and accountability in relation to the
society as a whole.
In addition to CEMS approved courses, the programme includes a business
project, an international internship, skill seminars, an exchange semester to
a partner CEMS institution and ongoing language training and testing.
Students are selected for their outstanding profile, including high academic
standards and professional skills, ability to perform in a fast-changing
environment, empathy with different values and cultures, and willingness
to take responsibility within society.
DID YOU
KNOW THAT ...
the CEMS MIM is
one of the top ranked
programmes in
the world by the
Financial Times?
18
As a CEMS Alumni you will get access to a network of close to 9000 members worldwide, providing friendships, extensive networking activities, an
online job market and a CV database service.
Students in the MSc programme at NHH can seek to combine their degree
with the CEMS MIM, enabling them to graduate with two internationally
recognised qualifications. The combination of these two prestigious
programmes provides a solid foundation for students seeking an
international business career.
ADMISSION
To be eligible for applying to the programme you must be enrolled in the
MSc programme at NHH. If you would like to choose NHH for your CEMS
exchange semester you have to apply through your home university.
For further information, please see www.nhh.no/cemsmim.
“I came to NHH and Norway to get a radical
change from Southern-Europe, and I definitely got what I wished for! I never thought
I would meet so many different people and I
am very surprised by the pool of
international students.”
KENZA TAOUFIK,
CEMS student from NOVA Lisbon, Portugal
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STUDY AT NHH
DOUBLE DEGREE
PROGRAMME
A Double Degree is first and foremost aimed at determined and motivated
students who wish to challenge themselves academically. To maximise
your opportunities, you follow a set programme that fulfils the academic
requirements for the master degree both at NHH and at one of our partner
institutions, spending one year at each of the schools.
After completion of the programme you will be awarded a master degree
from both NHH and the partner institution. This signifies greater professional insight, deeper intercultural experience and higher competence, and
will undoubtedly give you a competitive edge in pursuing your career goals.
Our partner institutions are HEC Paris (France), UCL Louvain School of
Management (Belgium), University of Mannheim (Germany), EGADE del
Technológico de Monterrey (Mexico), Richard Ivey School of Business
(Canada), Lancaster University (England) and University of Queensland
(Australia).
ADMISSION
To be eligible for applying to the programme you must either be enrolled
in the MSc at NHH, or you can apply through your home institution if your
school has a Double Degree agreement with NHH. For further information,
please see www.nhh.no/double-degree.
“The programme provides you with a great
opportunity to specialise in two complementary areas of expertise while experiencing life
and work in different cultural settings.”
LAURA HERZIG,
Double Degree student from HEC Paris, France
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STUDY AT NHH
EXCHANGE PARTNER INSTITUTIONS
EXCHANGE AT NHH
The NHH exchange programme is open to bachelor and master students
from our partner universities. Every year more than 300 exchange students
from all over the world spend a semester at NHH. NHH offers a wide range
of courses taught in English, covering different areas within accounting,
economics, finance, intercultural communication, marketing, strategy and
organisation. You can also attend a Norwegian course at NHH, gaining insight into Norwegian culture and history as well as the Norwegian language.
Housing is provided at a reasonable cost to all exchange students. Once in
Bergen, the NHH Student Association (NHHS) welcomes you to join the
wide variety of activities going on in the NHHS.
ADMISSION
You should contact the international coordinator at your school to be
nominated for an exchange stay at NHH. Deadlines for nomination and
application are May 1 for the autumn semester/one full academic year and
November 1 for the spring semester/one full calendar year.
For further information please see www.nhh.no.
• 60 EXCHANGE AGREEMENTS AT BACHELOR LEVEL
• 130 EXCHANGE AGREEMENTS AT MASTER LEVEL
“With a vibrant range of modules and curriculum, NHH provides a favorable environment for
learning and exploring the beauty of Norway.”
AMANDA CHIA,
Exchange student from
National University of Singapore
FOR A COMPLETE LIST OF PARTNER INSTITUTIONS, PLEASE SEE
WWW.NHH.NO/INTERNATIONAL-NETWORK
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STUDY AT NHH
GRADUATE
SUMMER SCHOOL
Every summer NHH hosts the Graduate Summer School in Natural
Resource Management and Policy: The Norwegian Model. The course
is aimed at students with an interest in natural and environmental
economics, and takes place over a period of 2.5 weeks from mid June to
early July.
NHH faculty deliver the course along with guest lecturers from other
academic institutions and the business community. Participants are
brought together in Bergen for a series of lectures, company visits, case
discussions and group projects, along with a programme of social events.
ADMISSION
Graduate students from NHH’s global network of partner universities
are eligible for admission. NHH does not charge any application,
admission or tuition fees for participating students. Students successfully
completing the course will receive 7.5 ECTS credits.
For further information please see www.nhh.no/summer-school
“The Graduate Summer School not only
provides excellent academic foundation
through an intensive two-week programme,
but also gives you a unique opportunity to
meet and work together with top students
and professionals from around the globe.”
ANA BEATRIZ SANTOS,
Graduate Summer School student from
FGV Sao Paulo, Brazil
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STUDY AT NHH
MSC PROGRAMME
The MSc in Economics and Business Administration is the key element
in NHH`s portfolio of programmes. It consists of eight distinctive profiles,
of which six are offered for international students: Economics (ECN),
Energy, Natural Resources and the Environment (ENE), Finance (FIE),
International Business (MIB), Marketing and Brand Management (MBM)
and Strategy and Management (STR).
MAJOR: 6 COURSES
- 45 ECTS
MINOR: 3 COURSES
ELECTIVES: 3 COURSES
OR:
ELECTIVES: 6 COURSES
- 22,5 ECTS
- 22,5 ECTS
THESIS
- 45 ECTS
- 30 ECTS (1 SEMESTER)
MSC IN
ECONOMICS AND
BUSINESS
ADMINISTRATION 120 ECTS
You have several international opportunities as an MSc student at NHH.
The most common is exchange, where you spend a semester abroad at one
of our partner institutions. Other options include the CEMS MIM
programme (see page 18) and the Double Degree programme (see page 21).
ADMISSION
For further information regarding admission and application procedures,
please see www.nhh.no/admission.
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STUDY AT NHH
STUDY AT NHH
ECONOMICS
ENERGY, NATURAL RESOURCES
AND THE ENVIRONMENT
The Economics (ECN) programme is intended to equip students with
solid analytical skills to analyse economic questions relevant for private
business, public institutions, and international organisations.
The goal of the Energy, Natural Resources and the Environment (ENE)
programme is to educate the next generation of interdisciplinary managers in the study of energy and natural resource development and environmental impact.
Understanding economic mechanisms is vital for the success of business
and the design of public policy. The programme offers a thorough and
comprehensive education in macroeconomics, microeconomics, and
econometrics, and a wide set of optional courses for students interested
in questions such as: What is the effect of the financial crises on economic
growth? How should a brand-name company price its product facing competition from private labels? How fast should the oil resources be exploited?
Is tax on wealth a good idea?
Future development and prosperity is largely dependent upon access to
energy sources and secure reliable supplies of natural resources.
Exploitation of these resources has an impact on the environment, and the
balance between these is becoming a critical factor in the business world
where business sustainability is increasingly defined by factors that go
beyond a focus on purely short-term profits.
The programme builds on the very strong tradition of economics at
NHH offering courses in fields such as macroeconomics, international
economics, industrial organisation, labour economics, resource economics,
and behavioural economics. The programme is ideal for students pursuing
a career in large private companies, consultancy, public institutions,
international organisations, or academia.
DID YOU
KNOW THAT ...
Norway is among the
world leaders in industries
such as hydropower,
oil and gas, environmental
technology and
aquaculture?
28
There can be few places better suited to study matters related to energy,
natural resources and the environment than Norway. As a country blessed
with tremendous natural assets, Norway has achieved an enviable track
record of developing these for economic gain, whilst preserving its
environmental capital at the same time.
“ENE is a unique specialisation that gives
you an in-depth understanding of how the
economy works in the energy sector. NHH
has strong ties to the energy industry and
is one of few schools in the world that offer
this kind of specialisation. .”
KAI ERSPAMER,
NHH student from USA
29
STUDY AT NHH
STUDY AT NHH
FINANCE
INTERNATIONAL
BUSINESS
Today’s increasingly global economy requires a profound understanding
of how capital markets function and the way corporations raise and invest
capital. The Finance programme prepares students for careers in investment banking, commercial banking, private equity, brokerage, investment
management, consulting and corporate governance, as well
as central banks and regulatory authorities.
The programme aims to equip students with the right mix of analytical and
practical skills for a career within multinational companies, international
organisations or smaller firms whose activities involve a substantial degree
of international business.
We have designed the courses to give a deep understanding of the latest
developments in financial research. Our cutting-edge international faculty
inspires and engages students in discussions, allowing them to analyse reallife problems related to financial markets and financial decision making in
firms.
Finance is the most popular study at NHH. The programme gives students
an opportunity to tailor their skills to match their future careers by
specialising in Corporate Finance, Financial Markets or Quantitative
Finance.
DID YOU
KNOW THAT ...
more than 50 per cent
of master students at
NHH spend a semester
abroad on exchange?
30
The forces of globalisation and internationalisation have brought people,
businesses and markets across the globe closer together than ever before.
The modern firm is required to master both international and local
dimensions if it aims to succeed in an increasingly competitive setting.
At NHH, students acquire a range of skills that enables them to navigate
the challenging seas of the international business world. By focusing on
numerous topical clusters and independent projects, the International
Business curriculum caters for a wide variety of intellectual interests.
Students have the possibility to extend and deepen their understanding of
different aspects of modern business practices.
“Due to increased globalisation companies
need to hire more individuals with
international experience and knowledge
on cross-cultural communication. With the
International Business degree you acquire the
analytical skills needed.”
SARAH YUYAN SOON,
NHH student from Singapore
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STUDY AT NHH
STUDY AT NHH
MARKETING AND
BRAND MANAGEMENT
STRATEGY AND
MANAGEMENT
The Marketing and Brand (MBM) programme is aimed at students that
want to lead and make decisions in the marketing department of a company,
including positions such as brand manager, marketing analyst or head of
marketing.
The Strategy and Management programme aims to provide students with
a combination of analytical and managerial skills in order to prepare them
for future decision making in the business world.
Building and managing strong brands is fundamentally important to
gaining competitive advantage and ensuring long-term profitability
for product, services, corporations and organisations. Furthermore,
understanding consumer and competitor behaviour is essential to
every business and organisation.
Brand Management has been an area of expertise at NHH since the beginning of the 1990s. The MBM programme is unique in its ability to kick-start
the students’ marketing career in becoming future leaders in the field
of marketing. The specialisation provides students with in-depth and
research-based knowledge of marketing, consumer behaviour and brand
management.
“We work on current real-life issues, through
lectures, cases, group work and business
presentations. The fact that many of our
professors work with marketing, also outside
of NHH, makes the programme even more
relevant. The knowledge and the skills I gain
from my studies at NHH will be essential to my
future career.”
Developing sustainable and competitive businesses are highly important.
This requires the ability to analyse market opportunities, identify
strengths and weaknesses of a business, implement organisational changes,
and manage employees.
Strategy and management is all about taking a long-term perspective,
making reasonable analyses of different competitive situations and the
resources of the organisation.
NHH teaches topics from diverse theoretical perspectives, including strategy, management, and psychology. The students will be able to
choose from a wide range of courses. Researchers at NHH have long-term
relations with multinational companies, which makes this programme
highly relevant and practice oriented.
DID YOU
KNOW THAT ...
95 per cent of NHH
students would
recommend the
school to a friend?
MARIE LAURENT,
NHH student from Belgium
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STUDY AT NHH
PHD PROGRAMME
The PhD programme at NHH is designed for those seeking a specialisation
within the fields of economics and business administration for challenging jobs in the private and public sector. Although the majority of our PhD
graduates go on to work in academic institutions, an increasing number of
graduates take on positions in management, consultancy and larger
organisations.
As a young researcher at NHH you will work closely with leading professors
within your chosen field, have access to sophisticated research resources
and a thriving intellectual community that will help develop your academic
interests.
NHH PhD research scholarships are fully funded for four years on very
competitive terms. It includes a commitment to work 25 per cent as a
teaching and/or research assistant for the school while enrolled in the
programme. The annual salary for the PhD Research Scholarships is
currently 430 200 NOK gross (which is equivalent to about € 51 000).
Find out more on www.nhh.no/phd.
“NHH has exceeded my expectations. It is
a privilege that I get to work closely with
professors and researchers of such high
quality.”
ANTONIO DALLA-ZUANNA
PhD student from Italy
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NORWEGIAN SCHOOL OF ECONOMICS
E [email protected] Helleveien 30P +47 55 95 90 00
5045 Bergen, NorwayW nhh.no
The mirror wall Reflections on the cover is one of the art projects in NHH’s new
building from 2013. Reflections was created by the art duo Lello/Arnell.